The Decent Report

June 10, 2023

(Mariblock) - The Nigerian capital market regulator says “Any member of the investing public dealing with the entity is doing so at his/her own risk.”

The Securities and Exchange Commission (SEC) of Nigeria has warned the public regarding the operations of Binance Nigeria Limited, which the commission says is soliciting Nigerians “to trade crypto assets on its various web and mobile-enabled platforms.”

While it’s glaring that the SEC notice targets the global cryptocurrency exchange Binance, Mariblock can reveal that the entity addressed in the publication — Binance Nigeria Limited — is unaffiliated with the entity operating Binance.com.

• A Binance spokesperson told Mariblock:

“We are aware of the circular. However, the entity mentioned in the circular [Binance Nigeria Limited] is not affiliated with us. We are therefore seeking clarity from the Nigerian SEC and remain committed to working with them cooperatively on the next steps. 

Most importantly, we want to remind users that their assets on Binance are safe, accessible and secure. Our greatest priority will always be to deliver for our users.”

You can read the full article here

May 21, 2023

(News24) - NFT stands for non-fungible token, and this incredible initiative that started as an internet hobby has quickly taken the world by storm. An NFT is a unique digital identifier that cannot be exchanged or replicated. Similar to the way bitcoins are bought and sold, the token is a form and unit of cryptocurrency on a blockchain.

In the past, we saw things such as the sale of digital art and music on the blockchain, but now Euphoric Leisure is expanding the horizons of the platform with their Pangolin Collection NFT. Minting just 111 exclusive and unique NFTs, this initiative will give NFT owners lifetime access to travel perks and long-term returns.

“We’ve been a professional holiday rental company with a national portfolio for a long time,” said Dean McLuckie, the founder of Euphoric Leisure.

We wanted to make short-term rentals an absolute breeze, and we have been rebranding for a while. We’ve just created the Pangolin Club, which gave way to the Pangolin Collection and this brilliant idea to expand our portfolio into the tech space.

The inception of the Pangolin Collection initiative came in 2017, when McLuckie first heard about NFTs, having been active in the cryptocurrency industry since 2015.

You can read the full article here

June 02, 2023

(Cointelegraph) - World Mobile announces the completion of DeWi technology field tests in Kenya, Mozambique and Nigeria, bringing a full African rollout one step closer.

Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique and Nigeria, bringing it closer to a full rollout across the African continent.

World Mobile, which aims to offer affordable and reliable internet access to rural areas that are traditionally underserved, said the tests in Kenya and Mozambique were carried out using TV white space equipment, employing an unused spectrum in the TV broadcast band to provide mobile network services.

In Nigeria, the field test utilized SpaceX’s satellite internet system, Starlink. According to the company, both TV white space and Starlink are complementary technologies that enable World Mobile to employ existing infrastructure and spectrum resources to expand its network coverage.

You can you read more here

May 25, 2023

(Nodo) - The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) has announced that the SiBAN Digital Assets Summit will take place on September 6th and 7th, 2023 in Abuja.

The summit will bring together industry leaders, experts, policymakers, regulators, operators, investors, global partners, stakeholders and enthusiasts to explore the world of digital assets. It will also serve as a platform for collaboration, knowledge sharing, business growth, investment opportunities, innovation and a stakeholders roundtable.

The conference aligns with the government’s vision to foster the growth and development of the blockchain industry in Nigeria. The event is open to blockchain enthusiasts, policymakers, investors, startups, developers and all stakeholders interested in the future of digital assets. The summit will facilitate valuable discussions and create strategic partnerships that unlock new opportunities in the digital asset ecosystem.

You can read the full article here

May 17, 2023

(Decrypt) - Citing "a clear regulatory regime" in the UK, a16z crypto sets up shop outside the United States.

Less than a week after U.S. regulators made the most aggressive moves yet taken against the digital assets industry, the crypto investment arm of venture capital firm Andreessen Horowitz, a16z crypto, announced it is opening its first overseas office in London. The company said that crypto "can only succeed with a clear regulatory regime that provides an open pathway for startups while also protecting consumers from fraud and manipulation"—and that such regime exists in the United Kingdom.

You can read the full post here

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